London / 06 May 2004 - Eurobase Banking Solutions, a division of the Eurobase International Group, has experienced strong growth in the demand for XML connectivity tools and services, such as TWIST, FIX and FPML, to improve trading room efficiencies and eliminate manual processing.

Following market demand from financial organisations requiring connectivity to a multitude of different e-FX trading portals Eurobase’s unique skills have resulted in the Banking Division successfully winning a number of projects to support multi-protocol XML real-time connectivity.

The solutions have been made generic to import transactions from any number of multiple sources such as e-Portals and web browsers, and will seamlessly connect to existing trading room infrastructure, thereby further reducing the need for the manual input of financial transactions enhancing trading across all asset classes.

Over the past few years there has been a paradigmatic shift in the basic architecture of world FX markets. As the interest in trading FX as an asset class accelerates it is imperative the sell side can connect to as many e-outlets as possible thus dramatically increasing trading room volumes and therefore profitability. Being able to connect quickly, reliably and cost effectively is of paramount importance. From a buy side perspective, the benefits to those in the traditional client space have become more obvious in terms of cost reduction, efficiency, immediacy and liquidity gains.

David Mallinder, Head of Business Development and Sales at Eurobase Banking Solutions, comments ‘As a supplier of leading-edge multi-product front office deal capture and processing solutions such as Siena, a provider of technology outsource development services and a major player in XML integration standards, Eurobase is ideally placed as a business partner. Our customers can benefit both from the ability to stream dealable prices to a bigger marketplace to increase their dealing room volumes and seamlessly link deal processing to their existing systems and infastructure. The front office can focus more on trading and revenue generation and less on trade management, manual processing and error reduction. Our competitive pricing models have been very well received and we expect further significant growth in the coming months’